Cryptocurrency bloodbath: over a billion dollars liquidated as tensions between Iran and Israel flare up
A sudden wave of selling hit the cryptocurrency markets early Friday morning, following rising concerns over reports of an Israeli airstrike against Iran. Bitcoin plummeted by 5%, falling below $104,000. Altcoins fared worse, with losses ranging from 6% to 9%. According to reports from Coinglass, over a billion dollars were lost in liquidations, of which more than a billion corresponded to long positions.
Rising tensions shake global markets
According to market analysts, the strike prompted a swift shift into safe assets. S&P 500 futures fell by 1.9%, while oil and gold surged sharply. WTI crude rose by more than 12%, nearing $77 per barrel. Gold surpassed $3,400 per ounce as investors sought
